Landsea Homes

Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

Earnings data Q3 2023

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Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, and Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Landsea Homes (LSEA) Stock?

Are Investors Undervaluing Landsea Homes (LSEA) Right Now?

Landsea Homes Corporation (LSEA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Landsea Homes Corporation (LSEA): Time to Buy?

DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the pricing of the previously announced underwritten secondary offering by its stockholder, Green Investment Alpha Limited (the “Selling Stockholder”) of 4,207,574 shares of the Company's common stock, at a price of $9.75 per share (before underwriting discounts and commissions) (the “Offering”). The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 631,136 additional shares of the Company's common stock. The Offering is expected to close on August 24, 2023, subject to the satisfaction of customary closing conditions.

Landsea Homes Announces Pricing of Secondary Common Stock Offering and Concurrent Stock Repurchase

DALLAS, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that its stockholder, Green Investment Alpha Limited (the “Selling Stockholder”), has commenced a secondary offering of 4,207,574 shares of the Company's common stock (the “Offering”). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 631,136 shares of common stock.

Landsea Homes Announces Secondary Common Stock Offering and Concurrent Stock Repurchase

Is Landsea Homes (LSEA) Stock Undervalued Right Now?

Dusa will feature High Performance single-family homes and townhomes Landsea Homes bolsters presence in Inland Empire with new community ONTARIO, Calif. , Aug. 21, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential home builder, announced today the acquisition of 191 homesites for a new community called Dusa in Ontario, CA.

LANDSEA HOMES CLOSES ON 191 HOMESITES FOR A NEW COMMUNITY IN ONTARIO, CALIFORNIA

The mean of analysts' price targets for Landsea Homes Corporation (LSEA) points to a 26.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Landsea Homes Corporation (LSEA) Could Rally 26.81%: Here's is How to Trade

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DALLAS, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will webcast its presentation at the Sidoti August 2023 Virtual Conference on Thursday, August 17 at 11:30 AM ET. Interested parties can access a link to the presentation in the investor relations section of the company's website: www.landseahomes.com.

Landsea Homes to Present at the Sidoti August 2023 Virtual Conference

New community in Liberty Hill will consist of 84 single-family homes AUSTIN, Texas , Aug. 3, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 84 finished lots in the Lariat master-planned community in Liberty Hill, Texas.  "It's an exciting time for the company and Texas division as we expand both our presence and our portfolio with the acquisition of these new homesites in the greater Austin metro area," said Vince Ruffino, Texas Division President, Landsea Homes.

LANDSEA HOMES EXPANDS TEXAS PORTFOLIO BY ACQUIRING 84 HOMESITES IN LARIAT MASTER-PLANNED COMMUNITY

Landsea Homes Corporation (NASDAQ:LSEA ) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Drew Mackintosh - Mackintosh, Investor Relations John Ho - Chief Executive Officer Mike Forsum - President & Chief Operating Officer Chris Porter - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Securities Carl Reichardt - BTIG Matthew Bouley - Barclays Jay McCanless - Wedbush Alex Barron - Housing Research Center Operator Greetings and welcome to the Landsea Homes Corporation Second Quarter 2023 Earnings Conference Call.

Landsea Homes Corporation (LSEA) Q2 2023 Earnings Call Transcript

Landsea Homes Corporation (LSEA) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.71 per share a year ago.

Landsea Homes Corporation (LSEA) Q2 Earnings and Revenues Top Estimates

Net income attributable to Landsea Homes of $4.9 million , or $0.12 per diluted share Total revenue of $293.2 million Pretax income of $7.5 million Adjusted EBITDA of $27.0 million Total homes delivered of 539 Net new home orders increased 5% to 565 with an order value of $324.4 million Quarter-end homes in backlog of 722 for a total of $455.8 million Repurchased 969,000 shares of common stock for $7.5 million Book value per share of $16.77 DALLAS, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the second quarter ended June 30, 2023. For the quarter, the Company reported pretax net income of $7.5 million, and net income of $4.9 million, or $0.12 per share.

Landsea Homes Reports Second Quarter 2023 Results

DALLAS, July 18, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today that it has entered into a note purchase agreement (“the Note Purchase Agreement”) with various investors, including funds and accounts managed by BlackRock Financial Management Inc. and affiliates thereof (“BlackRock”) and Angelo, Gordon & Co., L.P. (“Angelo Gordon”). The Note Purchase Agreement provides for the private placement of $250,000,000 aggregate principal amount of 11% senior notes due 2028 (the “Notes”). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by most of the Company's subsidiaries (the “Guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors.   The Company intends to use the net proceeds from the sale of the Notes to pay down a portion of the outstanding borrowings under its revolving credit facility and for working capital and general corporate purposes.

Landsea Homes Announces Private Placement of $250 million in Senior Unsecured Notes

DALLAS, July 10, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the second quarter of 2023 before the market opens on Tuesday, August 1, 2023. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules Second Quarter 2023 Earnings Release and Conference Call

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Landsea Homes Corporation (LSEA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Landsea Homes Corporation (LSEA) Soars 6.1%: Is Further Upside Left in the Stock?

All High Performance Homes now receive complimentary service including in-home smart home activation from a Best Buy Geek Squad expert DALLAS , June 26, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder is now providing one-of-a-kind smart home activation service and assistance for homeowners to make the most of their connected home with the help of Best Buy Geek Squad experts as part of its High Performance Home program. "Landsea Homes has come to be nationally recognized for our responsibly designed High Performance Homes.

LANDSEA HOMES INTRODUCES 'SMART HOME ACTIVATION' SERVICE TO HOMEOWNERS WITH BEST BUY

Landsea Homes Corporation (LSEA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Landsea Homes Corporation (LSEA): Can Its 6.5% Jump Turn into More Strength?

DALLAS , June 13, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the upsizing and pricing of the previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the "Selling Stockholder") of 2,956,522 shares of the Company's common stock, at a price of $7.50 per share (before underwriting discounts and commissions) (the "Offering"). The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 443,478 additional shares of the Company's common stock.

LANDSEA HOMES ANNOUNCES PRICING OF UPSIZED SECONDARY COMMON STOCK OFFERING AND CONCURRENT STOCK REPURCHASE

DALLAS , June 12, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that its largest stockholder, Landsea Holdings Corporation (the "Selling Stockholder"), has commenced a secondary offering of 2,600,000 shares of the Company's common stock (the "Offering"). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 390,000 shares of common stock.

LANDSEA HOMES ANNOUNCES SECONDARY COMMON STOCK OFFERING AND CONCURRENT STOCK REPURCHASE

Landsea Homes will offer attached High Performance townhomes Round Rock is nationally recognized as one of the country's most livable towns AUSTIN, Texas , June 12, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 38 finished lots in the Avery Centre master planned community in Round Rock, Texas.  "Avery Centre is a highly anticipated master planned community in Round Rock, and we're proud to present new opportunities for homebuyers to experience all Landsea Homes has to offer with our High Performance Homes," said Vince Ruffino, Texas Division President, Landsea Homes.

LANDSEA HOMES ACQUIRES 38 HOMESITES IN NEW AVERY CENTRE MASTER PLANNED COMMUNITY IN GREATER AUSTIN METRO AREA

DALLAS, June 05, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ: LSEA) announced today that it will participate in the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel in Los Angeles, California on June 7th, 2023. The Company is scheduled to present at 12:30 PM local time (3:30 PM Eastern).

Landsea Homes to Present at LD Micro Invitational Conference

Landsea Homes' Q1 2023 financial results surpassed expectations, and the company's outlook for the year appears achievable. The US property market seems stable, with new home sales strong and mortgage rates potentially decreasing in the coming months. Landsea's focus on entry-level homes for millennial home buyers is a strong market segment, and the stock is now rated as a speculative buy.

News for Landsea Homes Stock (LSEA)